The comparative income statement of Fashion Music Co. for the years ended December 31, 2016 and 2015 is as follows: (Click the icon to view the comparative income statement) Fashion Music Co. Comparative Income Statements Years Ended December 31, 2016 and 2015 Requirement 1. Prepare a comparative common-size income statement for Fashion Music Co. (Round your answers to one-hundredth of a percent, X Years Ended December 31, 2016 and 2015 2016 2015 2016 2015 S 852,000 912,000 Total revenue Total revenue Cost of goods sold Selling and general expenses Interest expense Income tax expense Total expenses Cost of goods sold Selling and general expenses Interest expense Income tax expense Total expenses $ 402,000408,000 263,000 10,500 84,000 765,500 $125,800 $146,500 9,200 83,000 726,200 Net income Net income